Indian Energy Share Discussion Threads

[the stinger] 12/2/2011 13:00

htrocka, DD would'nt have been initiated without a price attached (or price window), therefore if a takeover is on i cant see anything more than the nav?,,,but hey who knows...

[the stinger] 12/2/2011 11:02

htrocka, simon 64, transforma,

Simple as this - either a 40 to 50p takeout (maybe more?), or we'll see a 10 - 15pish share price .....

Good luck as to us all eh,,as you all seem to be in this...not long now....

[htrocka] 12/2/2011 10:41

and finaly...




RNS Number : 2333P
Indian Energy Limited
13 July 2010


Indian Energy Limited
("Indian Energy" or "the Company")

Loan Facility of GBP2 million and Issue of Warrants

Circular to Shareholders and Notice of Extraordinary General Meeting


Indian Energy (AIM: IEL), the independent power producer that owns and operates
wind farms in India, is pleased to announce that it has entered into a GBP2
million Loan Facility ("the Loan Facility") with Utilico Emerging Markets
Limited ("Utilico").

The Loan Facility will enable the Company to secure options over further wind
projects in India as part of its strategy of expanding its operating portfolio
from its current 41.3 MW to 300 MW by the end of its 2012/2013 financial year.
The Loan Facility will also provide the Company with general working capital.

The Loan Facility, which may be drawn upon at the option of the Company, bears
interest on amounts drawn at 10% per annum initially, rising to 12.5% from 1
January 2011, and is repayable by 31 July 2011. The Company will pay a
commitment fee of 2.5% per annum of the principal amount and an arrangement fee
of 2.5% on the amount of each draw down. As part of the arrangement with
Utilico, the Company has agreed to issue to Utilico 3.4 million warrants
("Warrants") to subscribe for ordinary shares of 1p each in the capital of the
Company ("Ordinary Shares") at an exercise price of 70 pence per share,
exercisable up to 30 June 2012. Utilico will also have the right to nominate a
director to the Board of the Company while any amounts under the Loan Facility
remain outstanding.

Utilico currently owns 5,197,792 Ordinary Shares representing 20.51 per cent of
the existing issued share capital in the Company and 1,843,746 existing warrants
to subscribe for Ordinary Shares at 125p per share, and therefore is regarded as
a related party under the AIM Rules. The directors of Indian Energy (the
"Directors") consider, having consulted with Arden Partners plc as NOMAD to the
Company, that the terms of the Loan Facility and the Warrants are fair and
reasonable so far as the shareholders of the Company are concerned.





Arden Partners Chris Hardie
[phone]

personal comment.
Utillico asked for and got... Commision and Interest on the loan, now 12.5% on draw down, 17 months left on 3.4m warrants to the exercise value of 70p...and a voting seat on the board.....and ARDEN believe, only less than six months ago, that this ( when the share price traded at 45p) to be a good deal for shareholders. It may help to explain why they`ve increased their holdings since December.?

[htrocka] 12/2/2011 09:22

The fact that DD is taking this long should be viewed as a positive sign....there`s a lot to go through...and if anything untoward was uncovered, they would have pulled out by now. The fact that The State Bank of India have bank-rolled them in the past suggests that pre-checks have previously been made and met with compliance.




I`m now of the opinion that SUZLON may be the bidder..





There`s an uncanny resemblance to the two company website lay-outs...which infers that both are `singing from the same hymn sheet`...with compatible mental attitudes....just a thought.

http://www.indian-energy.com/operations.asp


Apologies, (I`m having problems copying Suzlon Energy India.. however try your self....and note the comparison).....i



These have also been contracted to IEL in the past...and have been recently contacted.

[simon_64] 12/2/2011 07:12

Transforma

No intention of selling here mate.

[transforma] 11/2/2011 21:32

Simon, Beagle

I'd watch CPX on monday!!
And IEL for that matter!
AFC is already pumped to bursting

[simon_64] 11/2/2011 17:03

Beagle

afc TAKE A GOOD LOOK ON MONDAY.

[simon_64] 11/2/2011 14:52

Beagle

We can only be a couple of weeks away from a formal offer being made DD has gone on for eight weeks might even be next week.

[the_beagle] 11/2/2011 11:44

A sizeable seller or two also in the market but the MM was happy to take the 50k above the bid which is a good sign I guess.

[bobs good eye] 11/2/2011 10:55

I was just going on the prices at the time of the trade (8.05am). 22p was the offer and it moved straight up at that time. Anyway it doesn't matter. The share price is moving up, that's the main thing. :)

[the_beagle] 11/2/2011 10:54

We are not far away from a good rise imo. More interest than for a long while.

[dcroston] 11/2/2011 10:48

no, it wasnt me.

[the_beagle] 11/2/2011 10:07

BGE.....If it was a buy, someone sold them. I personally think it was a sell and the shares are finding homes as the buy of 50k at 23.25p seems to show.

[bobs good eye] 11/2/2011 09:57

That was a buy from earlier. Good to see large buys actually pushing the share price up now that Premier are cleared.

[the_beagle] 11/2/2011 09:48

dcroston.....Looks very interesting. Do you mean you have bought them or the market has?

Have you seen any gossip on any other sites? I's very quiet on ADVFN although there were a few peeps on here last week.

[dcroston] 11/2/2011 09:42

Just soaked up 100,000 @ 22p.

[the_beagle] 11/2/2011 08:48

Hi Simon,

It looks as if this is our secret!

Someone just paid 23.5p. I can't believe anyone would be buying these at that level without a bit of knowledge of what's going on with the talks.

Running with it for now but will probably sell half if they get over 30p with no news. We shall see. GLA. TB.

[simon_64] 11/2/2011 07:13

Well here is hoping for another good day onwards and upwards as they say GLA.

[the_beagle] 10/2/2011 16:06

230,000 net buys by 1600 today, including 2 x 50k and a 66k. Where are they coming from I wonder.

[the_beagle] 10/2/2011 14:55

Interesting to see that ARDA, the company's house broker I think, who has handled the big sales of the last couple of weeks, is now the one on the bid.

No silly ramping here for now, but at the first sign of any news I can see a herd arriving to pump it up.

From seeing what they have done with some pharmaceuticals this week, even denials of news from companies don't seem to put them off.

I guess that that prospect, in addition to the ongoing due diligence, is what gives me hope of a decent exit here in due course.

[the_beagle] 10/2/2011 11:08

66k buy followed by a 20k uncrossing trade at 22p makes this look even more interesting. I just can't understand why the 22p buyer didn't just get on with it earlier and save himself a few quid. Not long to news imo.

[the_beagle] 10/2/2011 10:45

Understood now re Richard Jennings. I read the second RNS but missed the first one. Reading sportbilly's comment makes you realise just how low our market cap is atm.

[dcroston] 10/2/2011 10:22

Can anyone give me some clues as to the probable load factors for the farms?
thanks,
DC